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Wingstop (WING) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Wingstop (WING - Free Report) closed at $191.17, marking a -3.49% move from the previous day. This move lagged the S&P 500's daily loss of 1.36%. Elsewhere, the Dow lost 1.64%, while the tech-heavy Nasdaq lost 1.46%.
Shares of the restaurant chain witnessed a loss of 21.33% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 0.82%, and the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of Wingstop in its forthcoming earnings report. The company is expected to report EPS of $1.05, up 6.06% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $190.48 million, up 11.33% from the year-ago period.
WING's full-year Zacks Consensus Estimates are calling for earnings of $4.69 per share and revenue of $801.99 million. These results would represent year-over-year changes of +14.95% and +15.09%, respectively.
Investors might also notice recent changes to analyst estimates for Wingstop. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.37% lower within the past month. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Wingstop is at present trading with a Forward P/E ratio of 42.22. For comparison, its industry has an average Forward P/E of 20.22, which means Wingstop is trading at a premium to the group.
Also, we should mention that WING has a PEG ratio of 2.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. WING's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Wingstop (WING) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Wingstop (WING - Free Report) closed at $191.17, marking a -3.49% move from the previous day. This move lagged the S&P 500's daily loss of 1.36%. Elsewhere, the Dow lost 1.64%, while the tech-heavy Nasdaq lost 1.46%.
Shares of the restaurant chain witnessed a loss of 21.33% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 0.82%, and the S&P 500's loss of 1.76%.
The investment community will be closely monitoring the performance of Wingstop in its forthcoming earnings report. The company is expected to report EPS of $1.05, up 6.06% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $190.48 million, up 11.33% from the year-ago period.
WING's full-year Zacks Consensus Estimates are calling for earnings of $4.69 per share and revenue of $801.99 million. These results would represent year-over-year changes of +14.95% and +15.09%, respectively.
Investors might also notice recent changes to analyst estimates for Wingstop. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.37% lower within the past month. Wingstop is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Wingstop is at present trading with a Forward P/E ratio of 42.22. For comparison, its industry has an average Forward P/E of 20.22, which means Wingstop is trading at a premium to the group.
Also, we should mention that WING has a PEG ratio of 2.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. WING's industry had an average PEG ratio of 1.92 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 163, putting it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.